The chancellor says he is ‘pragmatic’ about introducing a levy on energy companies to ease cost of living crisis
Rishi Sunak has said he is “pragmatic” about the idea of introducing a windfall tax on energy companies, insisting “no options are off the table,” in the latest hint the government may be preparing fresh measures to tackle the cost of living crisis.
Labour has been calling for a windfall tax on the oil giants, which have benefited from rocketing global prices, with shadow chancellor, Rachel Reeves, suggesting the proceeds be used to cut domestic energy bills.
